Bursa Alert
Global Market
NewsHot Stock Extol jumps 14% amid Bursa UMA query
Page 1 of 1
Hot Stock Extol jumps 14% amid Bursa UMA query
by Cals Mon 17 Mar 2014, 16:18
| Hot Stock Extol jumps 14% amid Bursa UMA query |
| Business & Markets 2014 |
| Written by Chong Jin Hun of theedgemalaysia.com |
| Monday, 17 March 2014 13:50 |
KUALA LUMPUR (Mar 17): Extol MSC Bhd rose as much as 14% till afternoon break amid Bursa Malaysia's unusual market activity query on the recent price rise in the IT-security specialist's shares.
At 12.30pm, Extol settled at 40 sen with some seven million shares done. The stock had earlier risen as much as 5.5 sen to 44.5 sen. Worth noting is Extol's share price has more than tripled from about 12 sen in early February this year to its current price.
Bloomberg data show that at 40 sen, Extol had soared 281% so far this year, significantly outpeforming the FBM KLCI's 3.1% decline.
The stock had risen from a one-year intraday low of 8.5 sen seen on March 18, 2013.
Today, Extol had yet to respond to the stock exchange regulator's query at the time of writing.
HWANGDBS Vickers Research Sdn Bhd wrote in a note today that Extol shares were the largest gainer, in percentage terms, over the past five market days.
HwangDBS Vickers said Extol had risen 59.2% based on its latest closing price of 39 sen.
Meanwhile, Kenanga Investment Bank Bhd wrote in a note today that Extol's share price's immediate technical support and resistance are seen at 31 sen and 40 sen respectively.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» UMA Bursa slaps query on Wong Engineering amid speculation of supply deal
» Hot Stock Aemulus in spotlight on weaker RM, Bursa query
» Hot Stock Asia Bioenergy falls 11% after Bursa UMA query, Goldman Sachs exit
» Bursa Securites queries Extol over unusual market activity
» UMA Bursa issues UMA query to IFCA
» Hot Stock Aemulus in spotlight on weaker RM, Bursa query
» Hot Stock Asia Bioenergy falls 11% after Bursa UMA query, Goldman Sachs exit
» Bursa Securites queries Extol over unusual market activity
» UMA Bursa issues UMA query to IFCA
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum